Mergers

Exploration & Production , Mergers

Tullow Oil to Buy Capricorn Energy in $827 Million All-share Deal

Investors in Capricorn, formerly known as Cairn Energy, will receive 3.8068 Tullow shares for each share they hold, the companies said on June 1.

June 1, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 25, 2022

Here’s a snapshot of recent energy deals including the combination of Colgate Energy and Centennial Resource Development in a $7 billion “merger of equals” transaction plus Exxon Mobil’s exit from the Barnett.

May 25, 2022

Business , Shale Plays , Mergers

Centennial, Colgate Energy’s $4 Billion Betrothal a Suitable Match

Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.

May 23, 2022

Mergers

Woodside Shareholders Approve BHP Petroleum Merger

An overwhelming majority of Woodside Petroleum shareholders voted in favor of a merger with BHP Group's petroleum arm, which would create a top 1- global oil and gas producer, but were disappointed that the company's lack of goals for addressing Scope 3 emissions.

May 19, 2022

Exploration & Production , Shale Plays , Mergers

PDC Energy Completes $1.3 Billion Great Western Petroleum Acquisition

In addition, PDC Energy said May 6 it paid off the Great Western Petroleum secured credit facility totaling $235 million and $312 million in principal amount of Great Western’s 12% senior secured notes due 2025.

May 9, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.

May 4, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of April 27, 2022

Here’s a snapshot of recent energy deals including the closing of Targa’s $200 million acquisition of Southcross Energy plus Diversified Energy’s East Texas expansion.

April 27, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of April 13, 2022

Here’s a snapshot of recent energy deals including Delek Logistics’ $625 million acquisition of 3Bear Energy, which expands its Permian position into the Delaware Basin.

April 13, 2022

Public Capital , Mergers

Woodside Investors to Benefit from $40 Billion Merger with BHP Arm: KPMG

KPMG’s valuation of the combined group was below an estimates by UBS and Credit Suisse, at about AU$34.60 a share and AU$33 a share respectively, based on the banks’ current oil price outlooks.

April 8, 2022

Business , Exploration & Production , Mergers

Ithaca Energy Buys North Sea Rival Siccar Point Ahead of IPO

Siccar Point’s owners have attempted to sell the company several times in recent years with no success, sources have told Reuters.

April 8, 2022